by Brenton McWilliams | Estate Planning, Wills and Trusts
Author: Brenton McWilliams How to Avoid Probate with Estate Planning One of the major benefits to using a trust for estate planning is the ability to avoid the need for an estate in probate court. If the trust is created and funded properly, there is a continuity of...
by Brenton McWilliams | Estate Administration, Probate, Wills and Trusts
Author: Brenton McWilliams What is the Compensation for Serving as an Executor or Administrator of an Estate in Alabama? In Alabama, by statute, the maximum compensation for an executor or administrator (personal representative) of an estate in ordinary cases is two...
by Brenton McWilliams | Estate Planning, Wills and Trusts
Author: Brenton McWilliams Is Your Alabama Trust Funded? If you are using a revocable trust for your estate plan, the trust should be funded. When using a revocable trust for an estate plan, typically, one of the primary goals is avoiding the need to file an estate in...
by Brenton McWilliams | Estate Planning, Wills and Trusts
Author: Brenton McWilliams What is the spousal elective share in Alabama? The spousal elective share is the right of a surviving spouse to claim a certain portion of their spouse’s estate on the death of the spouse. In other words, when one member of a married couple...
by Brenton McWilliams | Estate Planning, Wills and Trusts
Author: Brenton McWilliams Changes to Planning for Retirement Accounts Brought on By the SECURE Act The SECURE Act New federal legislation this year, the Setting Every Community Up for Retirement Enhancement or SECURE Act brought about several changes to retirement...